Tag "Detroit"

The Stockton and San Bernardino bankruptcies in 2012 were the largest for cities in American history — until Detroit in 2013. State laws and situations differ. But there’s a new warning from Detroit for California’s municipal governments, especially as bankruptcy courts

The ultimate pension reform is Detroit-style bankruptcy, with retirees getting less than what they are owed by contract. As the NY Times reported on July 22: “DETROIT — Coming to terms with what came to be seen as inevitable, this

Joe Mathews presents the counter-intuitive thesis that people leaving California for Texas is a sign of Golden State “success”: Yes, California has an above-average unemployment rate and other economic problems, and many of our people and companies are relocating or expanding

The Pacific Research Institute has released a report that couldn't be more timely. “Going Broke One City at a Time: Municipal Bankruptcies in America” by economist Wayne H. Winegarden. buy a paper One of Winegarden's key conclusions: “If used appropriately, bankruptcy

California just imposed a passel of new gun laws with the new year. A former LAPD cop urges the opposite: Detroit — If more citizens were armed, criminals would think twice about attacking them, Detroit Police Chief James Craig said

California still is a long way from resolving its pension crisis, in the courts and elsewhere. But here’s an important new development: “SAN JOSE — In a landmark ruling that could help shape city budgets around the state, a judge

Last week, U.S. Bankruptcy Judge Steven Rhodes ruled that Detroit city workers’ pensions could be part of the Chapter 9 proceedings. So the pensions could be cut substantially. That obviously affects the federal bankruptcy trial for San Bernardino and, potentially, Desert

Editor’s Note: CalWatchdog.com has been following Detroit’s economic situation for several years, and in light of its recent filing for Chapter 9 bankruptcy, we are re-releasing a series of articles detailing the city’s challenges. This piece was originally posted on CalWatchdog,

Editor’s Note: CalWatchdog.com has been following Detroit’s economic situation for several years, and in light of its recent filing for Chapter 9 bankruptcy, we are re-releasing a series of articles detailing the city’s challenges. This piece was originally posted on CalWatchdog,

Samuel Johnson’s 1775 observation that “patriotism is the last refuge of a scoundrel” has particular resonance nowadays, with civil libertarians who question our government’s massive spying on 300 million-plus Americans being derided as tools of U.S. enemies. But when it